Auto News 5

Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards. Full story...

Renault on Thursday posted a worse-than-expected first-half net loss of 2.7 billion euros on plunging sales but revised its full-year forecast for the world automotive market upwards. Full story...

Renault on Thursday posted a worse-than-expected 2.712 billion euro net loss for the first half on plunging sales but revised its full-year forecast for the world automotive market upwards. Full story...

A U.S. judge ruled today that auto parts maker Delphi Corp. can sell itself to a group of lenders -- paving the way for the company to end its near four-year trip through bankruptcy court. Full story...

BorgWarner Inc. posted a $34 million net loss for the second quarter, worse than Wall Street analysts expected, and revenue dropped by nearly 40 percent compared with the same period last year. Full story...

BorgWarner Inc. posted a $34 million net loss for the second quarter, worse than Wall Street analysts expected, and revenue dropped by nearly 40 percent compared with the same period last year. Full story...

Continental AG and its owner Schaeffler Group were expected to clash at a supervisory board meeting on Thursday over their plans for the company's future. Full story...

Penske Automotive Group plans to complete a deal to buy Saturn from General Motors Co. by the end of September, the chairman of the No. 2 auto dealership chain said on Wednesday. Full story...

President Barack Obama said General Motors Co. and Chrysler Group were companies worth saving, but he expects both to repay their government loans. Full story...

Supplier BorgWarner Inc. said Wednesday it posted its fourth straight quarterly loss, hurt by weak production volumes and restructuring costs, sending its shares down almost 9 percent. Full story...

Indebted Porsche Automobil Holding SE expects to post a pretax loss of up to 5 billion euros ($7.1 billion) for its current fiscal year due to an expected non-cash book loss from the sale of cash-settled options in Volkswagen AG stock. Full story...

Wolfgang Leimgruber was named Porsche AG's head of the production and logistics Wednesday. Leimgruber, 59, succeeds Michael Macht, who was promoted to Porsche CEO last week following the departure of Wendelin Wiedeking. Full story...

Russian magnate Oleg Deripaska's indebted carmaker GAZ will restructure its debt with Alfa-Bank, allowing it to sign agreements with all creditors, the bank said on Wednesday. Full story...

Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future. Full story...

A bankruptcy judge is likely to rule today whether auto parts supplier Delphi Corp. can go ahead with its plan to sell its assets to a group of lenders and bring an end to its near four-year bankruptcy case. Full story...

Continental AG and its owner Schaeffler Group are expected to clash at a supervisory board meeting today over their plans for the company's future. Full story...

Scott Steckly charged from the rear of the field and won the Velocity Prairie Thunder presented at a sold out Auto Clearing Motor Speedway in Saskatoon Wednesday night. Full story...

TORONTO, The 2010 Acura RDX goes on sale across Canada on August 10 with a fresh new exterior look, a more luxurious interior, new technology features and improved fuel economy. Full story...

Ford has confirmed its commitment to the FIA World Rally Championship by announcing its continued participation for the next two seasons. Full story...

BREA, Calif. (July 30, 2009) -- American Suzuki Motor Corp. (ASMC) takes a bold step forward today. Known primarily as a maker of small vehicles and high-performance motorcycles, today marks the global debut of the 2010 Suzuki Kizashi (pronounced "Kee-Zah-Shee"), the company's first entry into the all-wheel-drive sport sedan segment. Benchmarked against some of the leading cars in the world, the all-new 2010 Kizashi becomes an instant car-of-the-year contender in its own right. With the launch of the Kizashi, Suzuki delivers a unique blend of dynamic performance attributes with premium design aesthetics and craftsmanship yet to be experienced in this category. Full story...